What Manufacturing Associations are Saying About the Tariffs
June 4, 2018
Economic panic is the best description of how manufacturers are reacting.
As of June 1, the tariffs on steel ( 25%) and the tariffs on aluminum (10%) became effective.
Manufacturing associations reacted swiftly and strongly letting the administration know how this would affect their respective markets.
Reactions ranged from warning that " alienating our strongest global allies by launching a tit-for-tat trade war would harm the U.S. economy and undermine American leadership” to "American consumers will continue to bear the brunt of a trade war with our key economic partners.”
